Economic data, published today, Wednesday, showed the arrival of the trade balance surplus of Malaysia last September to a record level of 31. 7 billion Malaysian Ranget, thanks to the strong growth of the exports of the manufacturing and mining sector.
According to Bloomberg News, Malaysia’s trade surplus for the previous month was 17. This was roughly twice what analysts had predicted on average.
4 billion Ranget, which is the lowest rate of import growth in four months after it dropped to 33% last month.
According to figures from the Ministry of International and Industrial Trade, Malaysian exports as a whole climbed over the last month by 30.1% yearly to 114.3% billion Ranget, with industrial products accounting for around 85% of the overall exports.
Malaysia’s exports to China climbed 8% yearly, compared to a 42.5% increase in exports to the US.
Malaysia’s trade surplus has hit a record high.
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